How Does Omise Work?

Omise is a payment gateway that allows you to automatically settle transactions directly to your seller's bank accounts.

Each payment processed through Omise will take 2 business days to process.

The account configuration of a seller would involve getting the bank code and bank account name from each of your sellers. To see what it will look like, check out the article on Linking to Omise as a Seller. If you have set the Omise payment method as mandatory, your sellers will provide the information required for an Omise payment settlement when they onboard onto your platform.

Supported Currencies

Currently, Omise supports 6 currencies: THB, USD, EUR, GBP, JPY and SGD. Do note that you would have to be based in Thailand to accept all 6. If you are based in Japan, you will only be able to accept JPY and if you are based in Singapore, you will only be able to accept SGD. See Omise's help center here to learn more.

If you choose a currency that is not supported by Omise, the buyer will face an error on the checkout page of the marketplace when making a purchase.

All payments on Omise are always transferred to the Admin’s Omise account first. The seller’s cut will then be transferred from the admin account to the seller’s bank account automatically.

This means that as Admin, if the Omise fee is higher than your commission fee (which is possible in cases where low commission percentages have been set by the admin and/or low item prices have been set by the seller) the admin will incur a loss on some transactions instead of making money.

It would be advisable to factor the fees into the pricing of your commission fee if you intend to use Omise.